Universal Display Co. (NASDAQ:OLED) Receives Average Recommendation of “Moderate Buy” from Analysts

Universal Display Co. (NASDAQ:OLED) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $205.83.

OLED has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday. Oppenheimer cut their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. TD Cowen reduced their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $215.00 target price on shares of Universal Display in a research report on Thursday, January 16th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its stake in shares of Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 65 shares in the last quarter. CIBC Asset Management Inc boosted its position in Universal Display by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 73 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Universal Display by 0.7% during the fourth quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company’s stock worth $1,910,000 after buying an additional 88 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Universal Display by 42.1% during the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock worth $68,000 after buying an additional 96 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Trading Down 1.1 %

NASDAQ OLED opened at $144.08 on Friday. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.64 and a beta of 1.39. The company has a 50 day moving average of $151.86 and a 200-day moving average of $178.99. Universal Display has a 1-year low of $141.56 and a 1-year high of $237.00.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.